Will Artificial Intelligence Take My Recruiting Job? All You Need to Know About AI
A recent Gallup survey stated, “The media have reported extensively about the potential for Artificial Intelligence (AI) to eliminate large numbers of jobs across the U.S. economy, and Americans agree, with more than seven in ten saying AI will eliminate more jobs than it creates.”
What does that mean for a recruiter? Is this the beginning of the end? Will a machine be posting job descriptions on job boards automatically? Will recruiters themselves be entering the job search market ?
Or will AI software be a welcome enhancement to the recruiting role, handling administrative tasks and making the recruiter’s day-in-the-life more fulfilling? Keep reading to find out all you need to know about how AI tools can help a human recruiter in the recruitment process.
What Do Trucking and Recruiting Have in Common?
Like any early technological change, speculation tends to rule the land. However, it isn’t easy to imagine AI recruitment software completely replacing all aspects of a job for a practical purpose. As posted recently on The Verge, “Even in high-risk industries like truck driving, there’s only so much automation can do. A computer can drive on a highway, yes, but it can’t repair a truck, unload its inventory, argue with unhelpful warehouse managers, or even refill the gas tank.”
But how does that relate to recruiting? If you look at the trucking analogy, driving is the most time-consuming and monotonous part of that role. If we look at recruiting, we can break down the functions into tasks that require a high-touch human element, and those that are repetitive and monotonous and lend themselves to automation. I.e., the “driving”-equivalent tasks.
From Recruiter.com’s perspective, essential steps in the recruiting process are human:
- Building relationships with prospects
- Sharing the company culture
- Evaluating candidates in an interview
- Handling the irrationalities of job candidates and hiring managers
- Closing job descriptions once a candidate is found
But the reality of the current recruiting model shows that 40% of recruiters’ time is spent doing administrative tasks, like entering data into an ATS or managing resumes.
Unfortunately, the bulk of a recruiter’s time is spent on monotonous and time-consuming “driving tasks.” Things such as pouring over resume databases, writing complicated Boolean searches, guessing which companies might provide qualified candidates, dealing with the constrictions of LinkedIn InMail, scheduling, etc. could easily be handled with AI.
In fact, these are the exact activities that AI can execute at scale and where AI will have a massive impact in shifting the time allocation to higher-value tasks. As noted in the earlier Gallup poll, “While Americans agree that AI adoption will result in a net loss of jobs, they remain largely positive about the impact the new technology will have on their lives and work over the next decade.”
This is one area where AI will positively impact recruiting and in a big way.
AI’s Specific Impact on Recruiting
When it comes to candidate sourcing, weeks and months of tedious efforts can be executed in minutes using AI.
There is no need to ask the hiring manager for their list of companies to target or spend time grinding through resume databases. Based on specific targetings, such as years of sales experience, base salary range, technology stacks, etc., AI will analyze hundreds of variables across millions of companies to define the suitable targets at a scale not possible in any other way. It will also analyze candidate data and deliver various candidate pools based on sophisticated scoring techniques. All of this occurs in real-time, so recruiters get immediate results.
Additionally, AI will return predictable conversion rates and timelines, enabling recruiters to communicate to hiring managers the number of job seekers available for outreach, as well as the expected follow-on conversion rates: how many anticipated responses, the number of screening calls that a recruiter will make, the size of the qualified candidate pool, and the hiring timeline. Presenting the required candidate pool size and the “projected role fill date” is an effective way to manage expectations.
AI can impact other time-consuming recruiting activities. AI can automate the outreach to candidates, making it easier to be more personalized, relevant, and effective. AI allows recruiting managers to keep tabs on their target candidate sets more efficiently. AI-based triggers drive follow-up communications at crucial moments. This “right-time, automated interaction” drive higher conversion rates and more successful recruiting.
AI and Recruiting – The Time Is Now
“What Gallup’s survey helps illustrate is that AI is not some mystic event that will change the world overnight at some point in the future. It’s something that is already happening, in ways both big and small,” said an article that appeared on The Verge.
The fight for talent acquisition is on, and the first movers adopting artificial intelligence will have a significant advantage.
AI is a transformational technology that can disruptive impact recruiting management. By leveraging an AI system, recruiting managers will vastly improve candidate identification and matching, provide better recruiting predictability and accurate forecasts for candidate fulfillment, and reduce overall recruitment costs and reliance on third-party staffing agencies.
Recruiters need to pay attention to the impact of AI. Harvard Business Review summarizes it perfectly: “If managers aren’t ramping up experiments in the area of machine learning, they aren’t doing their job. Over the next decade, AI won’t replace managers, but managers who use AI will replace those who don’t.”
Find Out More About AI and Recruiting
As the Great Resignation makes it more difficult to hire great talent, AI can be the competitive edge over your competitors. If you don’t already have an AI solution integrated into your hiring process, you may want to install one.
While there are many different AI solutions that you can use, do your research before choosing one. You want to ensure that you’re picking the right model to enhance your hiring process.
Thankfully, Recruiter.com has you covered. We have a powerful AI sourcing platform that not only identifies qualified candidates but also sends optimized outreach emails to them. Once there is a final list of candidates, they will be delivered right to your email for you to interview.
If you’re interested in learning more about how other companies are taking advantage of AI recruiting tools in their hiring process and learn how you can use AI, contact us today to schedule a demo !
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